GMAC's ResCap says $9.5 bln bonds tendered

The exchange offer is intended to help Minneapolis-based ResCap, the largest independent U.S. mortgage lender other than Countrywide Financial Corp CFC.N, ease its debt burden, following $5. ...[more]

UPDATE 1-Wah Kwong, Little Sheep seek $279 mln in HK IPOs

By Kennix Chim

HONG KONG, May 22 (Reuters) - Hong Kong bulk and tanker shipping company Wah Kwong Maritime Transport Holdings Ltd and Chinese hot pot restaurant chain Little Sheep G ...[more]

UPDATE 1-Bankruptcy court approves Plastech sale plan

By Soyoung Kim

DETROIT, May 23 (Reuters) - A federal bankruptcy judge on Friday gave bankrupt auto parts supplier Plastech Engineered Products Inc approval to sell its businesses an ...[more]

Bankruptcy court approves Plastech auction plan

Plastech has been seeking court approval to sell its businesses and has been in talks to sell its interiors unit to Johnson Controls Inc (), its largest direct customer.

Judge Phill ...[more]

Frontier Airlines to charge $100 for flying antlers

Colorado-based Frontier is the latest airline to announce new fees in an attempt to counter the cost of record oil prices, which have roughly doubled in the past year.

"During hunting ...[more]

BCE calls quick hearing on bondholder appeal vital
)() shareholders could lose billions of dollars unless the Supreme Court of Canada hears a quick appeal of a lower court decision that threatens to scuttle the buyout of the company, BCE argued in ...[more]
UPDATE 4-NBC Universal a top Weather Channel bidder-source

By Jui Chakravorty Das

NEW YORK, May 23 (Reuters) - A joint NBC Universal-Blackstone Group LP partnership is a leading contender to buy the Weather Channel cable network, a source f ...[more]

Eos Airlines says bankruptcy court approves auction

Eos, a business class New York-to-London carrier, filed for Chapter 11 bankruptcy on April 26, the latest airline to fail amid record fuel prices and a weakening U.S. economy.

Eos s ...[more]

RLPC-Italy's N&W Global Vending up for sale - bankers

Merrill Lynch is providing a staple financing on the sale which is at an early stage, and books are expected to be issued shortly, they added.

Merrill Lynch Global Private Equity an ...[more]

UPDATE 1-Private equity among bidders for Friends unit-source

By Simon Challis

LONDON, May 23 (Reuters) - A number of private equity (PE) companies are among the bidders for Lombard, the high-end insurance arm of Britain's Friends Provident FP ...[more]

NBC Universal a top Weather Channel bidder-source
) NBC Universal, in partnership with the Blackstone Group (), is seen as a leading contender for the Weather Channel, a source familiar with the matter said on Friday.

Time Warner ...[more]

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